Viper Energy Q4 2024 Earnings Report
Key Takeaways
Viper Energy achieved solid financial performance in Q4 2024, with net income attributable to Viper reaching $210.1 million and operating income of $228.7 million. The company reported an average daily oil production of 29,859 bo/d and an average daily combined production of 56,109 boe/d. Cash and cash equivalents stood at $26.9 million. The company continued its expansion with acquisitions, including a $211 million purchase of mineral and royalty interests. Viper also declared dividends totaling $0.65 per share for the quarter.
Net income attributable to Viper reached $210.1 million, boosted by a $155.9 million tax benefit.
Average daily oil production stood at 29,859 bo/d, with total combined production at 56,109 boe/d.
Total Q4 operating income was $228.7 million.
Cash available for distribution was $89.0 million, with dividends totaling $0.65 per share.
Viper Energy Revenue
Viper Energy EPS
Viper Energy Revenue by Segment
Forward Guidance
Viper Energy expects continued production growth, with Q1 2025 daily oil production forecasted at 30,000-31,000 bo/d. Following the completion of its pending acquisition, production is expected to further increase to 47,000-49,000 bo/d in the latter half of 2025.
Positive Outlook
- Projected Q1 2025 average daily oil production of 30,000-31,000 bo/d.
- Expected full-year production increase to 47,000-49,000 bo/d post-acquisition.
- Strategic acquisitions to strengthen revenue and cash flow.
- Strong dividend payout strategy continues.
- Robust balance sheet with ample liquidity for future investments.
Challenges Ahead
- Increased interest expenses due to debt financing of acquisitions.
- Potential volatility in oil and natural gas prices impacting revenue.
- Higher production and ad valorem taxes affecting profitability.
- Uncertainty around regulatory and geopolitical risks in the energy sector.
- Dependence on third-party operators for production growth.